Duluth Holdings Reports Narrower Q1 Loss with Improved Gross Margins
Duluth Holdings (NASDAQ:DLTH) reported a narrower first-quarter loss and improved gross margins to 57.4%, driven by reduced promotions, pricing actions, and sourcing improvements. Adjusted EBITDA rose to $2.6 million from a year-ago loss, while revenue declined 4% to $98.6 million due to deliberate discounting reduction.
Tickers: $DLTH
Topics: ebitda growth financial performance gross margin improvement inventory reduction